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Risk: The Unavoidable Rite of Passage in Value Creation – Innovation
There are a lot of moving gears involved with value creation. Talent, originality, intelligence, and circumstance all play a part in the sustainable process of innovation. However, these qualities can appear abstract and elusive. Is it possible to gauge a prospective employee’s resume or curriculum vitae for any of these respective characteristics? Are there metrics…
Read MoreExponential Leadership and Innovation
“If I had asked people what they wanted, they would have said faster horses.” While there is no hard evidence to attribute the above quote to Henry Ford, there is no argument that he was a visionary of his time. He created something that consumers didn’t realize they needed, by making the automobile affordable. He…
Read MoreInnovation and Disruptive Necessity
Is the world getting smaller, or are we seeing further? Today we stand on the shoulders of giants in a rapidly changing world. In order to gain the competitive edge needed to stay relevant, it is imperative that businesses seek to disrupt their own business model before the competition does. Innovate or die the…
Read More10 IMPERATIVES TO SUSTAIN INNOVATION – All in one place
“In the 17th century, Innovators didn’t get accolades. They got their ears cut off.” – Emma Green The competitive marketplace of the 21st century has brought with it a new connotation of the word “Innovation. We used to believe the Earth was the center of the solar system. Then it was the sun. The Earth…
Read MoreSetting the stage for Innovation: Inspiration is rule number one.
“A pessimist sees the difficulty in every opportunity; an optimist sees opportunity in every difficulty.” – Winston Churchill You don’t need me to tell you why innovation is important. The Status Quo is boring, and no great fortune was ever built by playing it safe. To step out of the pack and escape…
Read MoreSuccessful Innovation Harnesses Idea Management
While most organizations believe that Innovation is required to remain competitive in today’s marketplace, they often do not put enough emphasis on building the organizational capability for innovation. Idea management is a critical step in this process. While creativity and ideas can be found in numerous places and in numerous ways, how you manage them…
Read MoreRisk is an Imperative for Sustainable Innovation
Over five thousand failures for just one success: When Thomas Edison discovered the light bulb it took him 5999 tries to get it right. Edison is quoted as saying, “Every wrong attempt discarded is a step forward.” Of the ten imperatives to Roberts Rules of Innovation, “No Risk… No Innovation” is arguably one of…
Read MoreForecasting Innovation: Observe and Measure for Future Success
When creating innovation, it is vital to set metric goals and track these metrics. One of Robert’s Rules of Innovation, “Observe and Measure,” in terms of the performance of the program implementation, needs to be built-in as a critical and recurring element. Though many companies measure past innovation by studying lagging indicators, Robert reminds us to measure…
Read MoreDon’t (Just) Focus on Innovation
While innovation is paramount to the profitability of any business, there are other supporting factors which are essential to make innovation successful. Similar to the construction of any building, the work first begins with a solid foundation. Viable logistics, solid marketing, and financial health must be considered in order to achieve effective innovation. A solid…
Read MoreAccountability Supports Sustainable Innovation
Without risk there can be no innovation, but what happens when success is finally achieved? In order for innovation to be sustainable it must be driven by a structured management approach that strives for accountability, invention, and re-invention. Back in December, Innovation Enterprise held a Chief Innovation Officer Summit in New York City. One of the best discussions…
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